Cloud Computing Will Create 14 Million New Jobs Worldwide by 2015, Says Microsoft Study
An estimated $1 trillion in cloud-related revenue to drive business investment and job growth.
Spending on cloud computing will create some 14 million new jobs worldwide by 2015, driven by demand for cloud services in emerging markets, small metropolitan areas and small businesses, according to a study Microsoft Corp. recently commissioned from researcher International Data (IDC) Corp.
IDC said that it expects revenue derived from innovations in cloud technology could exceed $1 trillion by 2015, and, when brewed with efficiencies prompted by the cloud, drive business reinvestment and a corresponding explosion in new jobs.
“For most organizations, cloud computing should be a no-brainer, given its ability to increase IT innovation and flexibility, lower capital costs, and help generate revenues that are multiples of spending,” said John Gantz, IDC chief research officer and senior vice president.
In the study, Gantz and other IDC study authors Stephen Minton and Anna Toncheva wrote that cloud computing has “begun changing how IT delivers economic value to countries, cities, industries, and small businesses.”
Cloud computing “comes with unique economic leverage that means a little money spent up front leads to impressive returns down the line,” said the researchers.
The study’s findings contradict the widely-held perception that as cloud services become more prevalent jobs will be lost, Gantz said.
“A common misperception is cloud computing is a job eliminator, but in truth it will be a job creator — a major one,” he said.
The reason, Gantz said, is the proliferation of cloud technology in small cities and small businesses--in much the same way as large enterprises and developed nations--will prompt significant job growth worldwide.
Microsoft said that the report, which details specific industries will create jobs at varying rates, also predicts that public clouds will prompt faster job growth than private clouds.